FROM David Hirschmann
Is It Time to Bust the Trusts Again? In a major shift from his days as head of the Federal Reserve, Alan Greenspan said last week that America's major financial institutions are "too big to fail." He said that means they're too big and ought to be broken up. But even new regulations to limit excessive risk and protect consumer finance may be in trouble on Capitol Hill.
Is It Time to Bust the Trusts Again? In a major shift from his days as head of the Federal Reserve, even Alan Greenspan said last week that it's time to break up those banks and brokerages that are "too big to fail." The financial giants are handing out billions in bonuses again, and they've spent $224 million lobbying against efforts to regulate excessive risk. But their critics insist they're the ones who brought the global financial system to the brink of collapse. Ninety-nine smaller banks have failed during this year alone. Citibank and Bank of America aren't doing so well. If the financial system isn't repaired, will it be taxpayer-bailout time all over again?
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.